PMSBY Nature of Scheme Benefit and How to paid premium

Pradhan Mantri Suraksha Bima Yojana benefit and scheme is available at jansuraksha website and we are going to explain some more details about the PMSBY scheme, such as Nature of scheme, what is the benefit for this life insurance scheme and how to paid premium here.

1. What is the nature of the scheme?

The scheme will be a one-year cover Personal Accident Insurance Scheme, renewable from year to year, offering protection against death or disability due to accident.

2. What would be the benefits under the scheme and premium payable?
The benefits are as follows:
a. Death Rs. 2 Lakh
b. Total and irrecoverable loss of both eyes or loss of use of both hands or feet or loss of sight of one eye and loss of use of hand or foot Rs. 2 Lakh
c. Total and irrecoverable loss of sight of one eye or loss of use of one hand or foot Rs. 1 Lakh

3. Premium price - 12/- per annum per member
4. Premium Payment method - The premium will be deducted from the account holder’s savings bank account through
'Auto debit' facility in one installment, as per the option to be given on enrolment. Members may also give one-time mandate for auto-debit every year until the scheme is in force, subject to re-calibration that may be deemed necessary on review of experience of the scheme from year to year.

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Posted on: Tuesday, May 19, 2015 8:47 PM by